Dual Economy Model a Critique

1768 WordsJan 31, 20118 Pages

3.7
DUAL ECONOMY MODELS: A CRITIQUE
The growth models considered in Chapter 2 are highly aggregative and some economists (Lewis 1954; Fei and Ranis 1961, 1964; Jorgenson 1961, 1967; Dixit 1968, 1971; Kelly et al. 1972) began to analyse the problems in terms of two sectors, namely agriculture and industry. Briefly, the socalled traditional noncapitalist agricultural sector is supposed to be unresponsive to economic incentives and here the leisure preferences are imagined to be high; production for the market does not take place and producers apparently do not follow profit-maximizing rules: ‘disguised’ or open unemployment is supposed to prevail throughout the rural sector and indeed the marginal productivity of labour is expected to be…show more content…

It is contended that to take care of the interdependence between terms of trade and supply price of labour, a general equilibrium analysis may be necessary. Dixit implies that the important factors that affect the shadow price of labour are the degrees of suboptimality of savings (the shadow price of savings in terms of consumption) as well as the price and income elasticities of the demand for food. In general equilibrium analysis, if the interdependences are to be dealt with simultaneously, it becomes difficult to see how the results rest on the premises or whether the ‘tail is wagging the dog’. Again, Dixit’s assumption that the only activity which can be undertaken in the traditional sector is food production is not easy to accept. The traditional sector also enters into non-agricultural activities; market wages and the shadow price of labour could be different because of taxes which may be influenced by the elasticity of marketed surplus. In any case, Dixit does not give much emphasis to the agricultural sector in his earlier model. Thus, the closed economy models of the dual economy may be misleading (Newbery 1974:41) and the empirical estimation of a general equilibrium model is very difficult. It seems that although the writers on the dual economy models adopted a useful approach to analyse the problems of LDCs, most of their work is devoid of any rigorous

Feminists argued that women’s roles of reproduction and social attachments in the domestic sphere constituted an economy and class of its own. This was based on the role of motherhood and unpaid work at home. Millett (1969) contended in Sexual Politics for the existence of women’s sexuality that was detached from the motherhood and marriage obligations. Conversely, other lesbian authors such as Audre Lorde and Adrienne Rich utilized writing, speeches, and poetry in linking women’s oppression and

years ago, Huntington and his thesis have received a wide range of reactions, both of acceptance and of critique. One of the main critiques of this view is the idea that it oversimplifies the world. Closely related to this is another critique that states through his dividing the world into civilizations, he is an ideologist and divides the world in an unrealistic manner. A third major critique is one that questions the role religion has in Huntington’s thesis and the role he views religion to play

contends that the mother was familiar to the area. In his work, he contends that he planned analysis and unraveling of the principles of kinship organization in the community. The next mission was to rank Kerinci according to his developmental status or model. In this he had to trace the socioeconomic changes that happened in the region within duration of past hundred years.
He needed to link these past activities to the presents. He admits that this had been his ambition long before he even commenced

Government. From February to July, there were protests and constant debate, in hopes of change. However, Lenin’s theses are rejected and the councils continue to support the provisional government because they’re following the orthodox Marxist“stages” model.
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purpose of this paper is to determine how innovations in employee benefits can improve the overall competitive compensation strategy of the organization. Then, it explains how innovative benefits could be tied to specific jobs. After that, it critiques the effectiveness of equity-based rewards systems versus those with more creative approaches and discusses the key elements of integrating innovation into a traditional total rewards program. And last, it recommends a process that optimizes an employee-based

with their own hierarchy or authority. It was made clear that in order to run this society the Spanish rulers had to gain control over the means of production. This is why they incorporated the traditional Andean Hierarchy, The Kurakas, into their model of government.[5]
In the late 1500’s Francisco Toledo, Spanish Viceroy of Peru, implemented many reforms centralizing the colonial government. He implemented regulations that grouped the natives into small settlements or villages, much like

Wordsworth, who called Burke: &quot;the most sagacious politician of his age&quot;. Karl Marx, on the other hand, complained in Das Kapital that Burke was a bourgeois stooge of the English ruling class. Marxists took particular offence at Burke's critique of egalitarianism, perhaps realising the radical threat which this presented to their own vision of a future society.
Modern liberals and conservatives still acclaim some of Burke's ideas, but their interest is largely rhetorical. Burke's liberal

political ecology closely linked to the geography and political economy of natural resources. This paper examines theories of relationships between resources and armed conﬂicts and the historical processes in which they are embedded. It stresses the vulnerability resulting from resource dependence, rather than conventional notions of scarcity or abundance, the risks of violence linked to the conﬂictuality of natural resource political economies, and the opportunities for armed insurgents resulting from

Abstract
The main aim of this study is to investigate the existence of trade-off relationship between inflation rate and unemployment rate in Namibian economy between 1991 and 2014 the perspective of Phillips curve by using the Ordinal Least Square (OLS) method. The results of Augmented Dickey-Fuller test shows that all variables are stationary at level and the integration test shows that they integrated at level I(0). The analysis result shows the negative relationship between inflation rate and

multidimensional of effects at the households’ level.
This article captures significant areas from the literature around. (a) Women’s work, poverty and structural adjustment (b) households survival strategies; and (c) growing orthodoxy and the extent critique around gender, poverty, households’ headship and household’s survival strategies.
Elaborate in your own words the main thrust of the article
In the periods of 1980s and 1990s the introduction of structural adjustment programmes differently named